Infrastructure Development Company Limited (IDCOL) and Feni Lanka Power Limited (FLPL) won the prestigious Asian Power Awards-2020 in the “Solar Power Project of the Year-Bangladesh and Independent Power Producer of the Year-Bangladesh” category.
Dubbed as the “Oscars of the Power Industry”, the award was conferred on IDCOL and FLPL for implementing Solar Irrigation Pump (SIP) Project in Bangladesh and Diesel-Fired Power Project of the year respectively, said a press release, reports BSS.The event was held digitally on October 27, 2020 by the Asian Power magazine, a Singapore based quarterly publication for the power generation, transmission and distribution industry in the Asia Pacific region.
Continuing on its 16th year, the award recognized ground-breaking projects and trailblazing initiatives in the power sector in Asia.
The SIP project being implemented by IDCOL is the first green finance initiative for smallholder collectives and farmers in Bangladesh which is now benefiting more than 60,000 farmers.
Around 50 companies were awarded in this year’s Oscars of the power industry, of which Feni Lanka Power Limited won the award in silver category.
Feni Lanka Power Limited constructed a power plant having 116MW heavy fuel oil (HFO) Power Plant Project, Feni, Bangladesh, which got award in dual fuel power plant of the year category.
“The spread of COVID-19 has greatly affected multiple industries. However, the pandemic also provided the power sector with opportunities to innovate and successfully launch projects which will help them reach more consumers,” said Asian Power publisher Tim Charlton. “The Asian Power Awards aims to recognise these projects which helped the community amidst these tough times.”